Palumbo Wealth Management CEO & CIO Philip Palumbo discusses “Claman Countdown” on trends in the UnitedHealth Group Market.
Shares of UnitedHealth Group fell more than 15% in early morning trading Thursday.
The latest news adds to the anguish of health insurance companies, including multiple government inquiries Sudden changes in top leadership And the outlook is being pulled in the face of rising medical costs.
Investors and analysts noted that while details of the survey were limited, it raised investors’ concerns.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| UNH | UnitedHealth Group Inc. | 257.50 | -50.45 |
-16.38% |
UnitedHealthcare announces new CEO after killing Brian Thompson
“The stocks are already in the kennels with investors, and the additional uncertainty is just piling up,” said James Harlow, senior vice president of Novare Capital Management, who owns the UnitedHealth stake.
However, the company said it had not been notified by the DOJ regarding the criminal investigation.
Probe news continues CEO Andrew Whitty The sudden departure and withdrawal of the 2025 forecast restrained a four-year decline in stocks on Tuesday, a four-year decline.
Andrew Witty, CEO of UnitedHealth Group Inc., will arrive at a Senate Treasury Committee hearing on May 1, 2024 in Washington, DC. (Al Drago/Bloomberg via Getty Images)
“UnitedHealth Group is in a seemingly never-ending crisis. Investors are blessed with another big turbulence that has been given a report on the DOJ investigation,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
UnitedHealth Group aims to return to business after CEO murder
If pre-market losses are retained, UnitedHealth’s market capitalization amounts to $280 billion, or nearly half of the $500 billion recorded on April 16th.
Health Insurance Industry The lawsuit this month has been under government scrutiny after three major US insurers accused brokers of paying kickbacks and leading patients to a plan.
In February, the WSJ revealed a civil fraud investigation into UnitedHealth’s Medicare practices, but U.S. Sen. Chuck Grassley requested a detailed compliance record and launched an investigation into how the company claims.
Sen. Chuck Grassley (R-IA) will speak with reporters before a Senate luncheon in Washington, D.C. on October 19, 2021, before voting at the U.S. Capitol. (Anna Money Maker/Getty Images/Getty Images)
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For decades, the company has flourished by leveraging its insurance and growth advantage in the Medicare market. US Government A program that covers medical expenses for the elderly.
This powerful performance streak was under pressure several months after a senior executive was tragically killed by a man who was furious at the practices of the insurance company.
